immediate compliance with debt covenants, have immediate access to multiple capital sources through its greater scale and diversi- ty to address upcoming debt maturities and increase liquidity to continue funding the ongoing SHOP [seniors housing operating portfolio] recovery and capital improvement plan.” As of the fourth quarter of 2022, more than 100 of DHC’s 237 communities were Five Star Senior Living communities managed by AlerisLife. In the deal, OPI will acquire all of the outstanding common shares of DHC in an all-share transaction, which was unanimously recommended by special committees of the respective boards of OPI and DHC and then unanimously approved by the respective full boards. OPI will be the surviving entity and will change its name to Diversified Properties Trust upon closing. The combined company will be led by members of the OPI executive management team, among them President and Chief Operating Officer Christopher Bilotto and Chief Financial Officer and Treasurer Matthew Brown. At 40%, senior living will represent the largest property type in the combined portfolio, with office properties representing 35%. Medical of- fice buildings will represent 12%, and life science properties will represent 9%. The company is expected to trade on The Nas- daq Stock Market LLC.
LCB Senior Living, a leading senior housing provider that operates more 35 communi- ties across the Northeast and Mid-Atlantic, announced that its newest location in the Bala Cynwyd, Pa., is open and accepting residents. The Residence at Bala Cynwyd is located on the site of the former Lee’s Shoddy Mill on Rock Hill Road, consid- ered by many to be the “gateway of Bala Cynwyd.” Built in the 1850s as Benjamin Schofield's West Manayunk Woolen Mills, the site eventually became known as Lee's Shoddy Mill, named after the heavy fabric created from recycled wool and cotton. Just steps away from the Cynwyd Heritage Trail, this new community is reflective of Bala Cynwyd's history and pays homage to that history through its design. The Residence at Bala Cynwyd offers independent living, personal care, and reflections memory care accommodations.
Appointments, Promotions & Recognition
Juniper Communities, a leading provider of senior living communities, assembled its leadership team to celebrate the company’s 35th anniversary in the first week of May. Individual community celebrations are hap- pening throughout the next months. For 35 years, Lynne Katzmann, founder and CEO of Juniper, has championed to provide older adults with the best life possible, adding life to years not just years to life. This approach to active aging is reflected in Juniper’s mission: Nurturing the Spirit of Life; and tagline: still innovating for good. To look to the future, Juniper invited some leading industry voices to attend their offsite celebration to discuss the future of senior living, wellness, trends on the horizon, and the role technology will play.
Just ahead of its 125th anniversary, the Twelve communities across the Integral Senior Living and Solstice Senior Living portfolio have been named Caring Stars award recipients by leading senior living referral service
Caring.com. The Caring Stars awards recognizes the best senior communities in the U.S. through service excellence, based on consumer reviews and ratings published on
Caring.com. “Our goal is to deliver an exceptional, meaningful ex- perience for each of our residents at every single community,” said Collette Gray, pres- ident and CEO of Integral Senior Living and Solstice Senior Living. “We continue to look for new, exciting ways to elevate the level of quality care we offer our residents and to set the standard of excellence within the senior living industry.” The list of the Integral Senior Living and Solstice Senior Living communities that were announced as winners for the Caring Stars 2023 Awards include: Integral Senior Living’s Escalante at the Lakes, Tanglewood Trace, The Strat- ford at Beyer Park, Solstice Senior Livingʼs Solstice Senior Living at Bakersfield, Sol- stice Senior Living at Lee’s Summit, Solstice Senior Living at El Cajon, Solstice Senior Living at Bangor, Solstice Senior Living at Apple Valley, Solstice Senior Living at East Amherst, Solstice Senior Living at Lodi, Solstice Senior Living at Clovis, and Solstice Senior Living at Fairport.
JIMMY HE
Jimmy He has been named controller for An- them Memory Care. In this position, he is re- sponsible for financial reporting and control of company assets. He pre-
viously was controller for Frontier Manage- ment in Portland, Ore., and also served as controller for The Urban League in Port- land. He brings 20 years of experience in accounting to this position. He earned a Bachelor of Science in Finance from State University of New York at Buffalo and is a certified public accountant.
Benchmark Senior Living, the largest se- nior housing provider in New England, announced that Meghan Wentworth, the mind and memory care director for Bench- mark at Rye, N.H., has been selected by New Hampshire Gov. Chris Sununu to serve on the state’s Alzheimer’s and Related De- mentia Subcommittee. Wentworth will represent the assisted living industry as the subcommittee’s sole assisted living repre- sentative. Established in 2014, the subcom- mittee oversees Alzheimer’s in the state, in- cluding developing educational programs and training as it advocates for the more than 26,000 individuals and the 58,000 caregivers in New Hampshire effected by dementia. It includes representatives from care providers, state agencies, law enforce- ment, state legislators, caregivers and oth- er individuals impacted by Alzheimer’s. “I am incredibly honored to be able to serve New Hampshire families in this way,” said Wentworth. “There is still so much that needs to be done to support the growing number of families facing a dementia di- agnosis and I’m thrilled to be able to share my experience.”
AMANDA HAMMOCK
Amanda Hammock has been named community relations director for Liberty Place, an An- them Memory Care com- munity in West Chester, Ohio. In this position,
she will be responsible for community out- reach and marketing. Hammock brings over 10 years of experience in memory care
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